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5 Things to Consider Before Negotiating With the IRS

5 Things to Consider Before Negotiating With the IRS

By on Nov 25, 2017 in IRS, Negotiating with IRS, Tax Resolution | 0 comments

5 Things to Consider Before Negotiating With the IRS

In the last few years, the Internal Revenue Service (IRS) has made it easier for taxpayers to make headway when it comes to back taxes.  The Fresh Start programs offer Americans with tax debt a way to pay it off and actually get a clean slate. These changes include expanding the Offer in Compromise program that allows taxpayers to pay their debt for less than they owe, creating easier pathways for installment agreements so that payments can be made over time rather than in one lump sum. Negotiating with the IRS about your tax debt can still be tricky and sometimes stressful.  Here are five tips for how you can negotiate with the IRS:

Steps to Take When Negotiating With the IRS

  1. Act Sooner Rather Than Later:  Penalties and interest add onto your tax debt every single day. So, there is no better time than now to get control over your tax situation once and for all. Whether you have received a written notice from the IRS about your debt or you know you owe money but the IRS may not have reached out yet, the sooner you pay the tax debt, the better the outcome will be for you down the road. The IRS will not forget that you owe them money and the consequences of not paying get more serious as time passes.
  2. Always File Your Tax Returns:  The only way that you can qualify for the tax programs that may help you get that fresh start is to be current on your tax returns.  Even if you’re unable to pay what you owe, you should file the return because it can reduce some of the penalties.
  3. Request an Installment Agreement:  An installment agreement is a great way to get your tax debt under control. Instead of paying your debt in one large lump sum, an installment agreement allows you to make monthly payments and pay it over time.  The IRS has loosened its restrictions in this regard and are now allowing more installment agreements, so this could be a great option for finally paying your debt.
  4. Get Help If You Need It:  If you have received written communication from the IRS and trying to decide the best path forward for yourself, you may want to seek the help of a tax firm who can manage your communication with the IRS and advise you about all of the tax-paying options you might qualify for.
  5. Make Your Payments:  If you are successful at negotiating with the IRS and have entered into an installment agreement or an Offer In Compromise, you should be aware that making your payments on time is critical to keeping the agreement in place. If you anticipate a problem making a payment, be upfront about it and communicate directly with the IRS.

Reach Out to Success Tax Relief to Get That Fresh Start!

Success Tax Relief can provide you with all of the latest information about programs the IRS offers to help taxpayers take control of their tax debt.  In addition, our team can communicate with the IRS on your behalf to take the added stress off of your shoulders. For more information, call us at 877-825-1179 or reach out to us via our online contact form to get a free

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